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20121214
20121214
STATION
KCSM (PBS) 2
Search Results 0 to 1 of about 2
PBS
Dec 13, 2012 6:30pm PST
way, the mistakes that were made when the euro introduced are being corrected. this is bringing us closer to true banking union. fiscal union is way down the line. that would involve having to change eu treaties, and that is not something that anybody wants here at the moment. we are still in the middle of a crisis. we are a bit more stable than we were a couple of months ago. that's what everybody has been saying here, but this union is not something that we can tackle quite yet. this meeting is about figuring out where we want to go. there will not be any decisions today. >> we have heard that before. thank you very much. >> in another attempt to remedy the eurozone crisis, european finance ministers have said yes to releasing more aid to greece. in a 50 billion euros were freed up on thursday for athens -- >> the 50 billion euros were freed up on thursday for athens. >> there are some who believe it is nothing more than a band-aid. >> emotions spilled over as workers tried to storm a meeting between greek and german officials today are angry over layoffs that are part of broad a
PBS
Dec 13, 2012 7:00pm PST
for us. >> but experts warn companies won't survive just by undercutting their rivals. >> translator: companies are being drawn into a price war. price cuts are a universal response to poor consumer sentiment and declining sales. reducing prices to the extent that they lead to a deflationay economy happens only in japan. >> reporter: lower prices surely please customers, but if a discount war heats up, companies will pay the penalty. it may lead to lower wages, which could further dampen spending. they're creating aa vicious cycle. companies serious about survival may have to learn how to raise prices while keeping customers. nhk world, tokyo. >>> well, let's get a check on the markets now. the dollar is slightly higher against want yen. dollar/yen at 83 the.68 to 72. the euro/yen is at 109.42 to 47. the impact of the weak results on currencies appears to be limited. the dollar hit an eight and a half month high against the yen. they say participants are buying dollars on speculation the bank of japan will take further monetary easing at its policy meeting next week af
Search Results 0 to 1 of about 2